Return on Equity (ROE)
since 2009
Calculation
Fortinet Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to Fortinet, Inc.1 | ÷ | Total Fortinet, Inc. stockholders’ equity (deficit)1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | — | = | 100 | × | 857,300) | ÷ | (281,600) |
| Dec 31, 2021 | 77.63% | = | 100 | × | 606,800) | ÷ | 781,700) |
| Dec 31, 2020 | 57.07% | = | 100 | × | 488,500) | ÷ | 856,000) |
| Dec 31, 2019 | 24.70% | = | 100 | × | 326,500) | ÷ | 1,321,900) |
| Dec 31, 2018 | 32.88% | = | 100 | × | 332,200) | ÷ | 1,010,200) |
| Dec 31, 2017 | 5.33% | = | 100 | × | 31,399) | ÷ | 589,377) |
| Dec 31, 2016 | 3.84% | = | 100 | × | 32,187) | ÷ | 837,681) |
| Dec 31, 2015 | 1.06% | = | 100 | × | 7,987) | ÷ | 755,377) |
| Dec 31, 2014 | 3.75% | = | 100 | × | 25,343) | ÷ | 675,966) |
| Dec 31, 2013 | 7.56% | = | 100 | × | 44,273) | ÷ | 585,760) |
| Dec 31, 2012 | 13.08% | = | 100 | × | 66,836) | ÷ | 510,934) |
| Dec 31, 2011 | 17.44% | = | 100 | × | 62,492) | ÷ | 358,354) |
| Dec 31, 2010 | 17.74% | = | 100 | × | 41,245) | ÷ | 232,454) |
| Dec 31, 2009 | 42.25% | = | 100 | × | 60,179) | ÷ | 142,452) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
1 US$ in thousands
Comparison to Competitors
Fortinet Inc., ROE, long-term trends, comparison to competitors
| Fortinet Inc. | Accenture PLC | Adobe Inc. | Autodesk Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | — | 31.11% | 33.85% | 58.53% | 30.93% | -22.89% | 7.47% | 12.57% | 43.68% | — | -14.57% | -127.14% | 2.48% | 6.46% | 17.85% |
| Dec 31, 2021 | 77.63% | 30.25% | 32.59% | 125.14% | 25.39% | -10.64% | 30.38% | 20.89% | 43.15% | 262.43% | -22.71% | -78.63% | 9.81% | 6.22% | 14.31% |
| Dec 31, 2020 | 57.07% | 30.05% | 39.66% | — | 23.69% | -19.10% | 27.14% | 35.76% | 37.43% | 83.94% | -76.61% | -24.23% | 0.37% | 4.18% | 13.54% |
| Dec 31, 2019 | 24.70% | 33.17% | 28.03% | — | 47.03% | — | 45.25% | 41.53% | 38.35% | 50.87% | — | -5.16% | 7.11% | 29.45% | 13.04% |
| Dec 31, 2018 | 32.88% | 39.17% | 27.67% | — | 26.84% | — | 51.96% | 51.44% | 20.03% | 8.37% | — | -15.30% | 1.36% | -2.40% | 12.43% |
| Dec 31, 2017 | 5.33% | 38.50% | 20.02% | -79.35% | 20.63% | — | 32.70% | 71.71% | 29.29% | 17.33% | — | -28.52% | 2.40% | -25.53% | 4.17% |
| Dec 31, 2016 | 3.84% | 54.42% | 15.74% | -20.41% | 27.38% | — | 65.07% | 84.32% | 23.33% | 18.82% | — | -28.60% | -0.95% | -116.76% | 8.35% |
| Dec 31, 2015 | 1.06% | 49.78% | 8.99% | 3.69% | 18.34% | — | 92.48% | 15.65% | 15.23% | 20.42% | — | -33.81% | -6.61% | -35.01% | 7.21% |
| Dec 31, 2014 | 3.75% | 51.32% | 3.96% | 10.12% | 11.92% | — | 101.30% | 29.47% | 24.59% | 23.37% | — | -48.33% | -7.64% | -41.85% | 8.48% |
| Dec 31, 2013 | 7.56% | 66.16% | 4.31% | 12.11% | 14.21% | — | 72.32% | 24.30% | 27.69% | 24.47% | — | -10.74% | -11.67% | -18.70% | 8.89% |
| Dec 31, 2012 | 13.08% | 61.59% | 12.49% | 15.15% | 48.07% | — | 88.04% | 28.86% | 25.58% | 22.85% | — | 0.32% | -0.73% | -15.34% | 7.29% |
| Dec 31, 2011 | 17.44% | 58.72% | 14.40% | 13.17% | 17.57% | — | 78.73% | 24.24% | 40.55% | 21.49% | — | — | 5.05% | — | 10.53% |
| Dec 31, 2010 | 17.74% | 62.79% | 14.92% | 3.94% | 45.74% | — | 64.36% | 20.35% | 40.63% | 19.92% | — | — | 7.73% | — | 11.29% |
| Dec 31, 2009 | 42.25% | 55.08% | 7.90% | 14.01% | -138.29% | — | 59.31% | 17.49% | 36.83% | 22.29% | — | — | 6.46% | — | 9.09% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
Comparison to Sector (Software & Services)
Fortinet Inc., ROE, long-term trends, comparison to sector (software & services)
| Fortinet Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | — | 31.52% |
| Dec 31, 2021 | 77.63% | 37.05% |
| Dec 31, 2020 | 57.07% | 30.95% |
| Dec 31, 2019 | 24.70% | 36.26% |
| Dec 31, 2018 | 32.88% | 20.27% |
| Dec 31, 2017 | 5.33% | 23.79% |
| Dec 31, 2016 | 3.84% | 26.14% |
| Dec 31, 2015 | 1.06% | 23.09% |
| Dec 31, 2014 | 3.75% | 28.15% |
| Dec 31, 2013 | 7.56% | 31.65% |
| Dec 31, 2012 | 13.08% | 32.44% |
| Dec 31, 2011 | 17.44% | 38.51% |
| Dec 31, 2010 | 17.74% | 37.46% |
| Dec 31, 2009 | 42.25% | 35.70% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
Comparison to Industry (Information Technology)
Fortinet Inc., ROE, long-term trends, comparison to industry (information technology)
| Fortinet Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | — | 38.16% |
| Dec 31, 2021 | 77.63% | 42.09% |
| Dec 31, 2020 | 57.07% | 34.78% |
| Dec 31, 2019 | 24.70% | 36.50% |
| Dec 31, 2018 | 32.88% | 30.15% |
| Dec 31, 2017 | 5.33% | 23.14% |
| Dec 31, 2016 | 3.84% | 23.02% |
| Dec 31, 2015 | 1.06% | 25.99% |
| Dec 31, 2014 | 3.75% | 25.44% |
| Dec 31, 2013 | 7.56% | 24.73% |
| Dec 31, 2012 | 13.08% | 25.96% |
| Dec 31, 2011 | 17.44% | 28.84% |
| Dec 31, 2010 | 17.74% | 27.67% |
| Dec 31, 2009 | 42.25% | 20.28% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).